Buying my First Home - Should I go to a Major Bank?

The answer may depend on your situation – but most likely not! The reasons are as follows:

 

1. Currently the Big Four Lenders (ANZ, NAB, Westpac and Commonwealth Bank) are not as interest rate sharp as some of the second tier lenders (such as ING Bank). 

 

 

2. Often the Big Four lender credit policies are not as flexible as some second tier lenders. 

 

3. The Big Four Lenders have been known to increase their variable rates more frequently outside of the Reserve Bank increases.

 

 

However, if you wanted a highly transactional offset account to link to your home loan, or interested in utilising the special lending policies available to medical, legal and accounting professionals then you’re stuck with the majors!

 

 

 

David Lipschitz, Logic Finance

 

 

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While every care has been taken to ensure the accuracy of the displayed information, the publisher gives no warranty and make no representation as to the accuracy or sufficiency of any displayed description, photography, illustration or statement because all this information may be subject to change. Readers should make their own enquiries and satisfy themselves as to whether the information provided is current and should seek advice before entering into any contract. Photographs and illustrations displayed are indicative only and may not depict the final product.

Angus Estate, Monopoly Property Group

Ground Floor, 185 Fullarton Road, Dulwich South Australia 5065  
info@monopolypg.com

1800 777 674

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Disclaimer: While every care has been taken to ensure the accuracy of the displayed information, the publisher gives no warranty and take no representation as to the accuracy or sufficiency of any displayed description, photography, illustration or statement because all this information may be subject to change. Readers should make their own enquiries and satisfy themselves as to whether the information provided is current and should seek advice before entering into any contract. Photographs and illustrations displayed are indicative only and may not depict the final product. RLA 272857